Focus on profitable growth
2002-2008: Focus on profitable growth
In 2002, Gunnar Brock became the new CEO of the Atlas Copco Group.
The Group concentrated on strengthening its position within segments where it was already strong and had core competence, to secure long-term profitable growth. A number of companies were acquired, but in segments where the Atlas Copco Group did not have market leading positions – and no possibility to get such a position without too much sacrifice – the Group decided to leave the business.
During 2004, the Group acquired the Drilling Solutions business in the United States, forming a new division within the Construction and Mining Technique business area. In 2005, the professional electric tools business, with the two divisions Atlas Copco Electric Tools and Milwaukee Electric Tool, was divested. In 2006, the construction equipment rental operations, within the U.S.-based Rental Service business area, was divested. The following year Dynapac was acquired, adding a leading manufacturer of road building equipment.
Growth and profitability was very strong throughout this period, and organic order growth increased during 26 consecutive quarters.